Expand and boost your business with our business development loan.
Business Development Loan
Given up to 5 times a member’s share deposits up to Kshs. 40million
Interest rate of 1% per month on reducing balance.
Repayment terms are for a maximum of 120 months depending on the loan amount as indicated below;
| LOAN AMOUNT (Kshs.) | MAXIMUM LOAN TERM |
|---|---|
| Up to 100,000 | 12 Months |
| 100,001 to 250,000 | 24 Months |
| 250,001 to 500,000 | 36 Months |
| 500,001 to 999,999 | 48 Months |
| 1,000,000 to 4,999,999 | 60 Months |
| 5,000,000 to 6,999,999 | 72 Months |
| 7,000,000 to 9,999,999 | 84 Months |
| 10,000,000 -to11,999,999 | 96 Months |
| 12,000,000 and above | 120 Months |